Sam Darwish Sells 124,275 Shares of IHS (NYSE:IHS) Stock

Key Points

• CEO Sam Darwish sold 124,275 IHS shares on April 7 at an average price of $8.24 (≈$1.02M) under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding from vesting, cutting his ownership by 22.18% to 436,015 shares.
• IHS reported a quarterly EPS of -$0.23 and analysts forecast -5.58 EPS for the current year; the consensus rating is Hold with a $9.61 target price.

IHS Holding Limited (NYSE:IHS - Get Free Report) CEO Sam Darwish sold 124,275 shares of the company's stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total value of $1,024,026.00. Following the completion of the sale, the chief executive officer owned 436,015 shares in the company, valued at $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sam Darwish also recently made the following trade(s):

• On Wednesday, March 18th, Sam Darwish sold 86,793 shares of IHS stock. The stock was sold at an average price of $8.18, for a total value of $709,966.74.

IHS Price Performance

Shares of IHS stock traded up $0.01 during trading hours on Wednesday, hitting $8.26. 1,043,438 shares of the company's stock were exchanged, compared to its average volume of 2,000,479. The stock's 50-day moving average is $8.17 and its 200-day moving average is $7.43. The company has a debt-to-equity ratio of 96.14, a current ratio of 2.08 and a quick ratio of 2.05. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 20.14 and a beta of 0.81. IHS Holding Limited has a 52 week low of $4.20 and a 52 week high of $8.95.

IHS (NYSE:IHS - Get Free Report) last announced its earnings results on Saturday, February 14th. The business services provider reported ($0.23) EPS for the quarter. The business had revenue of $397.80 million for the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%. As a group, research analysts forecast that IHS Holding Limited will post -5.58 EPS for the current year.

Analyst Upgrades and Downgrades

IHS has been the topic of several research analyst reports. Weiss Ratings cut IHS from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday, March 23rd. Wall Street Zen upgraded IHS from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 14th. Zacks Research cut IHS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 27th. TD Cowen cut IHS from a "buy" rating to a "hold" rating and decreased their target price for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Finally, New Street Research cut IHS from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.61.

Hedge Funds Weigh In On IHS

Several hedge funds have recently added to or reduced their stakes in IHS. Quantbot Technologies LP boosted its holdings in IHS by 647.6% in the second quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider's stock valued at $381,000 after acquiring an additional 59,283 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in IHS by 457.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider's stock valued at $6,191,000 after acquiring an additional 913,549 shares during the last quarter. Walleye Capital LLC boosted its holdings in IHS by 74.8% in the second quarter. Walleye Capital LLC now owns 342,376 shares of the business services provider's stock valued at $1,904,000 after acquiring an additional 146,500 shares during the last quarter. Marshall Wace LLP boosted its holdings in IHS by 94.6% in the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider's stock valued at $7,008,000 after acquiring an additional 612,852 shares during the last quarter. Finally, Jump Financial LLC boosted its holdings in IHS by 227.3% in the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider's stock valued at $1,791,000 after acquiring an additional 223,661 shares during the last quarter. Institutional investors own 17.54% of the company's stock.

IHS Company Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company's segments include Resources, Transportation and Consolidated Markets & Solutions. The Company's Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.

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